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Perry’s TeamCo is Latest Hedge Fund Industry Casualty

(Nasdaq) David Perry plans to end the main operations of TeamCo Advisers LLC by early 2018 and ultimately shut the firm, he told Reuters in an interview, making his San Francisco-based business the latest casualty in the struggling fund of hedge funds industry. Firms like TeamCo that manage portfolios of hedge funds for wealthy individuals and institutional investors have come under pressure as the performance of their underlying investments has lagged, making it harder for them to justify their extra layer of fees.

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